المملكة: The Minister of Finance heads the Kingdom’s delegation to the meetings of the International Monetary Fund and the World Bank
Minister of Finance Mohammed bin Abdullah Al-Jadaan The Kingdom’s delegation participating in the spring meetings Washington until April 18.
The Saudi delegation includes Saudi Governor of the Central Bank Ayman bin Muhammad al-Sayyari, Assistant Minister of Finance for Macro-Financial Policies and International Relations Abdullah bin Abdul Rahman bin Zaraa, and Deputy Chairman of the International Monetary and Financial Affairs Committee Dr. Riyad Al-Khorayef, Deputy Governor of the Central Bank for Investment, Majed Al-Awad, Undersecretary of the Ministry of Finance for International Relations, Khaled Bawazir, CEO of the Saudi Fund for Development, Sultan Al-Murshed, and CEO of the National Debt Management Center, Hani Al-Madini.
In addition to a number of specialists from the Ministry of Finance, the Central Bank of Saudi Arabia, the Saudi Fund for Development, and the National Debt Management Center.
Discussing developments in the global economy
On the sidelines of these meetings, The Minister of Finance and the Governor of the Saudi Central Bank at the first meeting of finance ministers and central bank governors of the G20 countries, which is being held this year under the presidency of the United States of America.
The Minister of Finance will also chair the International Monetary and Financial Affairs Committee of the International Monetary Fund, as the committee will discuss the most prominent developments in the global economy, growth prospects, and challenges facing the international economy, in addition to ways to enhance the stability of the global financial system and support multilateral cooperation efforts.
The Minister of Finance participates in the meeting of the Development Committee of the World Bank Group, which will discuss a number of priority economic and development issues, including the challenges facing global and emerging economies, and the World Bank Group’s strategic directions for creating job opportunities.
Enhancing the resilience of the global financial system
A number of discussions and side sessions are scheduled to be held on the sidelines of these meetings to discuss priority economic and financial topics, including Prospects for global economic growth in light of geopolitical developments.
In addition to discussing enhancing the flexibility of the global financial system, and the role of international financial institutions in supporting economic stability and development, and enhancing multilateral cooperation.
The Spring Meetings are an international platform that brings together finance ministers, central bank governors, and senior officials from international financial institutions and the private sector, to discuss the most prominent issues related to the global economy, the international financial system, and economic challenges of common interest.
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